Badger Meter, Inc. (BMI) to Issue Quarterly Dividend of $0.44 on September 11th

Badger Meter, Inc. (NYSE:BMI) announced a quarterly dividend on Friday, August 14th. Investors of record on Friday, August 28th will be given a dividend of 0.44 per share by the scientific and technical instruments company on Friday, September 11th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 28th. This is a 10.0% increase from Badger Meter’s previous quarterly dividend of $0.40.

Badger Meter has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 32 years. Badger Meter has a dividend payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Badger Meter to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 35.6%.

Badger Meter Stock Up 0.8%

Shares of NYSE BMI opened at $136.83 on Wednesday. Badger Meter has a fifty-two week low of $112.09 and a fifty-two week high of $204.00. The firm’s 50-day simple moving average is $137.53 and its 200 day simple moving average is $138.91. The stock has a market cap of $3.97 billion, a P/E ratio of 31.97, a P/E/G ratio of 2.44 and a beta of 0.65.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.01. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The business had revenue of $220.30 million during the quarter, compared to the consensus estimate of $220.59 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Badger Meter will post 4.5 earnings per share for the current fiscal year.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.